Middle East Economic Survey
KFAED Lends Syria $52Mn
Under an agreement signed earlier this month, the Kuwait Fund for Arab Economic Development (KFAED) will lend Syria KD15mn($52mn) to expand and modernize a drinking water network project for Damascus and its suburbs. The project entails the addition of storage facilities and pumping stations, and the tying of new wells into the network. The loan carries interest at 2.5% annually and is repayable in 24 years in...